SMEs found expanding markets, raising sales, gaining access to loans
BANGKOK, 1 May 2019 (NNT)- University of the Thai Chamber of Commerce has unveiled the results of a poll with 1,200 respondents on the upgrade of small and medium-sized enterprises with mostly focusing on quality standard verification labels.
The poll has found 44.31% of the respondents already has quality standard verification labels which have been useful to their businesses and market expansions, raised the volumes of sales and services, added values of their goods or services, rendered a good image in the eye of customers and gained access to loans.
Those without quality standard verification labels have complained that the procedures to obtain or renew one have been difficult and costly and concluded that their small-sized enterprises might not need it. Most have called for funding, know-how and reduction in the costs for the acquisition or renewal of the labels.
Meanwhile, acting SME Development Bank managing director Phongcharn Samphao-ngern quoted the poll as certifying that the quality standard verification labels are very useful to SMEs in upgrading the businesses, raising the confidence, expanding the markets, raising the incomes and opportunities for access to loans. SME Development Bank can help those without the labels by offering a low-interest loan and a seven-years repayment term.